HOUSTON--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, announced today that Argo Surety now has the capability to issue surety bonds throughout the European Union (EU). Policies will be written through Argo Group’s European subsidiary, ArgoGlobal SE, which has been authorized by the Malta Financial Services Authority to write insurance throughout the EU.
“Argo Surety is committed to providing specialty insurance solutions both in the U.S. and internationally to meet the growing needs of the surety bond market, which continues to gain acceptance and expand globally,” said Josh Betz, president, Argo Surety. “Our ability to write surety business in Europe helps to ensure we’re consistently providing value to our intermediaries and policyholders over the long term, as efficiently and effectively as possible.”
In partnership with its network of national and global intermediaries, Argo Surety will serve multinational, Fortune 2000-size companies based in the United States with surety needs in the EU. This recent development expands on Argo Surety’s capabilities to provide surety solutions in the United Kingdom, Canada, Mexico, Brazil and Puerto Rico.
For more information, visit www.argosurety.com
About Argo Group
Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Through its operating subsidiaries, Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group’s worldwide insurance subsidiaries are rated ‘A’ (Excellent) by A.M. Best with a stable outlook and its U.S. insurance subsidiaries are rated ‘A-’ (Strong) by Standard & Poor’s. For more information, visit www.argolimited.com.